Investment property in St Lucia has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.94%
St Lucia,4067 was ranked 163 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in St Lucia, 4067. Typically our figures indicate that -7.06% is being offered, which puts this QLD suburb at 1145th most discounted overall in Australia.
Advertised rents are around the $550 mark per week – giving a return of 2.38% based on the median price in Suburb
St Lucia is an average performer in QLD when comparing median price capital growth over the last year. St Lucia gave property investors a average capital gain figure when compared to the rest of the state, with -0.44%.
If we look at median property appreciation over just the last three months, St Lucia has given property investors a paper return of 0.83%. This puts Suburb as 125 on a list of fastest fasting appreciating suburbs in QLD
Our latest figures would indicate that property sellers in St Lucia are currently offering property investors an average price cut of -6.60% below the asking price at the moment.
A $427.5 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 2.27%.